Mizuho analyst Vijay Rakesh raised the firm’s price target on Allegro MicroSystems (ALGM) to $40 from $37 and keeps an Outperform rating on the shares. The company reported inline June quarter results, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGM:
- Allegro MicroSystems price target raised to $30 from $23 at Barclays
- Allegro MicroSystems Reports Strong Q1 2026 Growth
- Positive Outlook for Allegro MicroSystems: Buy Rating Justified by Strong Fundamentals and Growth Potential
- Allegro MicroSystems Exceeds Expectations in Q1 Earnings Call
- Allegro MicroSystems: Strong Buy Rating Amidst Robust Growth in Automotive and Industrial Sectors